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Best Gambling Stocks to Buy Now (2023)
Top gambling stocks in 2023 ranked by overall Zen Score. See the best gambling stocks to buy now, according to analyst forecasts for the gambling industry.

Industry: Gambling
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
LNW
LIGHT & WONDER INC
$5.43B$59.56$62.504.94%Buy4-0.44%-94.31%32.27%5.40%
ACEL
ACCEL ENTERTAINMENT INC
$804.15M$9.35N/AN/AN/AN/A-3.01%22.37%42.42%8.89%
CHDN
CHURCHILL DOWNS INC
$10.30B$137.57$144.505.04%Strong Buy514.05%6.25%98.50%11.06%
SGHC
SUPER GROUP (SGHC) LTD
$1.54B$3.10$5.0061.29%Buy1N/AN/A16.60%8.15%
GAN
GAN LTD
$62.56M$1.40N/AN/AN/AN/A34.48%N/A12.71%3.24%
EVRI
EVERI HOLDINGS INC
$1.28B$14.41$24.6771.18%Strong Buy31.73%12.27%64.54%9.45%
IGT
INTERNATIONAL GAME TECHNOLOGY PLC
$4.97B$24.89$40.0060.71%Strong Buy4-12.61%43.09%29.49%3.98%
GDHG
GOLDEN HEAVEN GROUP HOLDINGS LTD
N/A$4.36N/AN/AN/AN/AN/AN/AN/AN/A
CPHC
CANTERBURY PARK HOLDING CORP
$110.95M$22.60N/AN/AN/AN/AN/AN/AN/AN/A
RSI
RUSH STREET INTERACTIVE INC
$663.15M$2.99$6.05102.34%Strong Buy518.12%N/A92.53%15.28%
DKNG
DRAFTKINGS INC
$19.99B$23.38$25.579.37%Buy2118.38%N/AN/AN/A
GMBL
ESPORTS ENTERTAINMENT GROUP INC
$6.65M$1.99N/AN/AN/AN/A76.67%N/AN/A-396.36%
AGS
PLAYAGS INC
$227.12M$5.99$11.2587.81%Strong Buy40.92%17.76%30.36%2.47%
CDRO
CODERE ONLINE LUXEMBOURG SA
$165.60M$3.67N/AN/AN/AN/AN/AN/AN/AN/A
GAMB
GAMBLINGCOM GROUP LTD
$370.54M$10.16$15.0047.64%Strong Buy2N/AN/A26.25%17.06%
ELYS
ELYS GAME TECHNOLOGY CORP
$19.41M$0.50$2.00300.00%Buy1N/AN/A9.62%3.20%
EBET
EBET INC
$6.16M$0.24N/AN/AN/AN/AN/AN/AN/AN/A
MSGE
MADISON SQUARE GARDEN ENTERTAINMENT CORP
$1.81B$35.04$38.259.16%Buy4N/AN/AN/AN/A
1

Gambling Stocks FAQ

What are the best gambling stocks to buy right now in May 2023?

According to Zen Score, the 3 best gambling stocks to buy right now are:

1. Light & Wonder (NASDAQ:LNW)


Light & Wonder (NASDAQ:LNW) is the top gambling stock with a Zen Score of 55, which is 21 points higher than the gambling industry average of 34. It passed 18 out of 33 due diligence checks and has strong fundamentals. Light & Wonder has seen its stock return 14.98% over the past year, overperforming other gambling stocks by 11 percentage points.

Light & Wonder has an average 1 year price target of $62.50, an upside of 4.94% from Light & Wonder's current stock price of $59.56.

Light & Wonder stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Light & Wonder, 50% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Accel Entertainment (NYSE:ACEL)


Accel Entertainment (NYSE:ACEL) is the second best gambling stock with a Zen Score of 50, which is 16 points higher than the gambling industry average of 34. It passed 17 out of 33 due diligence checks and has strong fundamentals. Accel Entertainment has seen its stock lose -12.12% over the past year, underperforming other gambling stocks by -16 percentage points.

3. Churchill Downs (NASDAQ:CHDN)


Churchill Downs (NASDAQ:CHDN) is the third best gambling stock with a Zen Score of 46, which is 12 points higher than the gambling industry average of 34. It passed 18 out of 38 due diligence checks and has strong fundamentals. Churchill Downs has seen its stock return 38.83% over the past year, overperforming other gambling stocks by 35 percentage points.

Churchill Downs has an average 1 year price target of $144.50, an upside of 5.04% from Churchill Downs's current stock price of $137.57.

Churchill Downs stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Churchill Downs, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the gambling stocks with highest dividends?

Out of 3 gambling stocks that have issued dividends in the past year, the 3 gambling stocks with the highest dividend yields are:

1. International Game Technology (NYSE:IGT)


International Game Technology (NYSE:IGT) has an annual dividend yield of 3.21%, which is 2 percentage points higher than the gambling industry average of 1.57%. International Game Technology's dividend payout is stable, having never dropped by more than 10% in the last 10 years. International Game Technology's dividend has not shown consistent growth over the last 10 years.

International Game Technology's dividend payout ratio of 66.2% indicates that its dividend yield is sustainable for the long-term.

2. Canterbury Park Holding (NASDAQ:CPHC)


Canterbury Park Holding (NASDAQ:CPHC) has an annual dividend yield of 1.24%, which is the same as the gambling industry average of 1.57%. Canterbury Park Holding's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Canterbury Park Holding's dividend has not shown consistent growth over the last 10 years.

Canterbury Park Holding's dividend payout ratio of 16% indicates that its dividend yield is sustainable for the long-term.

3. Churchill Downs (NASDAQ:CHDN)


Churchill Downs (NASDAQ:CHDN) has an annual dividend yield of 0.26%, which is -1 percentage points lower than the gambling industry average of 1.57%. Churchill Downs's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Churchill Downs's dividend has shown consistent growth over the last 10 years.

Churchill Downs's dividend payout ratio of 4.9% indicates that its dividend yield is sustainable for the long-term.

Why are gambling stocks down?

Gambling stocks were down -0.64% in the last day, and down -2.97% over the last week.

We couldn't find a catalyst for why gambling stocks are down.

What are the most undervalued gambling stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued gambling stocks right now are:

1. Super Group (NYSE:SGHC)


Super Group (NYSE:SGHC) is the most undervalued gambling stock based on WallStreetZen's Valuation Score. Super Group has a valuation score of 71, which is 38 points higher than the gambling industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Super Group's stock has dropped -48.59% in the past year. It has underperformed other stocks in the gambling industry by -53 percentage points.

2. Esports Entertainment Group (NASDAQ:GMBL)


Esports Entertainment Group (NASDAQ:GMBL) is the second most undervalued gambling stock based on WallStreetZen's Valuation Score. Esports Entertainment Group has a valuation score of 57, which is 24 points higher than the gambling industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Esports Entertainment Group's stock has dropped -94.57% in the past year. It has underperformed other stocks in the gambling industry by -99 percentage points.

3. Light & Wonder (NASDAQ:LNW)


Light & Wonder (NASDAQ:LNW) is the third most undervalued gambling stock based on WallStreetZen's Valuation Score. Light & Wonder has a valuation score of 57, which is 24 points higher than the gambling industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Light & Wonder's stock has gained 14.98% in the past year. It has overperformed other stocks in the gambling industry by 11 percentage points.

Are gambling stocks a good buy now?

54.55% of gambling stocks rated by analysts are a strong buy right now. On average, analysts expect gambling stocks to rise by 18.01% over the next year.

What is the average p/e ratio of the gambling industry?

The average P/E ratio of the gambling industry is 4.51x.
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